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TenKay

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TenKay

Re: Magnum7419 post# 48926

Sunday, 04/16/2023 11:20:59 AM

Sunday, April 16, 2023 11:20:59 AM

Post# of 76697
“What what about how those trucks on Randy’s lot that’s all deferred revenue.”

That is not what “Deferred Revenue” is under GAAP or frankly any accounting notion.

It’s inventory.

“Deferred Revenue” is something that has been paid for but not yet delivered and is carried as a liability on the balance sheet.

"Harsh reality is always better than false hope"

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